India is the third largest startup spot in the world, according to a report by NASSCOM and Zinnov. Across sectors, the number of startups are mushrooming. These not only encourage innovation and lead to job creation, but also positively impact the socio-economic fabric of our country.
In an attempt to develop an ecosystem that promotes entrepreneurial spirit, the Government of India has come up with a number of initiatives under the aegis of Startup India. One such initiative is an extensive 4-week online learning programme that is absolutely free, and available both in English and Hindi. Here are some of the topics you can learn about as part of the programme:
To reduce regulatory liabilities, startups will be allowed to self-certify compliance with nine labour and environment laws. In case of labour laws, no inspection will be conducted for a period of three years. Know more about how you can self-certify.
The opportunity to learn from experienced entrepreneurs and other experts is a great way for those just starting up to understand several nuances of the game. Parts of the programme will also encourage research and innovation among students.
In a welcome move, all startups under the Startup India plan have been exempted from tax for a period of three years. Any investments of higher value than the market price made by incubators and angel investors will also be exempted. Learn about how you can make the most of this advantage.
Various steps are being taken to protect valuable intellectual property, including fast-track examination of patent applications. Not just this, a rebate of 80 per cent of the total value of the patent fees will be granted once the patent is filed. Become more aware about Intellectual Property Rights (IPRs) and learn how to adopt best practices in this field.
Startup India allows companies to register through a single form on their mobile app. There will also be single window clearances for approvals, registrations and filing compliances among other things. With such simplified processes, starting up has become easier than ever before.
The launch of an incubator module endorses the public-private partnership and gives startups the kind of support they need to do well. At the moment, 118 incubators are powering the ecosystem across the country altogether. Find out how you can also be part of this setup.
This move ensures that there are equal opportunities for both startups and experienced entrepreneurs. Earlier this was not possible because all applicants required either ‘prior experience’ or a ‘prior turnover’. But now, public procurement norms have been relaxed for startups. Find out what this means for you.
If you’re a budding startup looking to make it big, this is your chance.